Royal Bank of Canada reduced its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 8.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 156,772 shares of the real estate investment trust’s stock after selling 13,728 shares during the quarter. Royal Bank of Canada’s holdings in Alexandria Real Estate Equities were worth $7,277,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Alexandria Real Estate Equities by 102.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,245 shares of the real estate investment trust’s stock valued at $2,184,000 after acquiring an additional 11,762 shares during the period. NewEdge Advisors LLC increased its stake in shares of Alexandria Real Estate Equities by 4,261.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,140 shares of the real estate investment trust’s stock worth $290,000 after purchasing an additional 3,068 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Alexandria Real Estate Equities by 4.8% in the 1st quarter. Empowered Funds LLC now owns 6,455 shares of the real estate investment trust’s stock valued at $597,000 after purchasing an additional 296 shares during the period. Woodline Partners LP raised its holdings in shares of Alexandria Real Estate Equities by 39.9% in the 1st quarter. Woodline Partners LP now owns 13,015 shares of the real estate investment trust’s stock valued at $1,204,000 after purchasing an additional 3,714 shares during the period. Finally, Focus Partners Wealth lifted its stake in Alexandria Real Estate Equities by 171.5% in the 1st quarter. Focus Partners Wealth now owns 6,591 shares of the real estate investment trust’s stock valued at $610,000 after purchasing an additional 4,163 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.
Wall Street Analyst Weigh In
ARE has been the subject of a number of research analyst reports. Robert W. Baird reiterated a “neutral” rating and set a $46.00 price target (down from $67.00) on shares of Alexandria Real Estate Equities in a report on Monday, May 4th. Morgan Stanley reaffirmed an “underweight” rating and issued a $53.00 price objective on shares of Alexandria Real Estate Equities in a research report on Thursday, June 11th. Wall Street Zen downgraded Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Research cut Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Finally, BMO Capital Markets lifted their price objective on shares of Alexandria Real Estate Equities from $52.00 to $54.00 and gave the stock a “market perform” rating in a research report on Friday, June 12th. Two investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Alexandria Real Estate Equities presently has an average rating of “Reduce” and an average price target of $52.62.
Alexandria Real Estate Equities Stock Performance
NYSE ARE opened at $48.41 on Tuesday. The firm has a 50-day moving average price of $51.13 and a two-hundred day moving average price of $50.07. Alexandria Real Estate Equities, Inc. has a 12-month low of $39.41 and a 12-month high of $88.24. The company has a market capitalization of $8.44 billion, a P/E ratio of -7.99, a P/E/G ratio of 6.05 and a beta of 1.15. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.67.
Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last announced its earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.52). The business had revenue of $662.78 million for the quarter, compared to the consensus estimate of $464.86 million. Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.08%.The firm’s revenue for the quarter was down 13.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.33 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.37 earnings per share for the current year.
Alexandria Real Estate Equities Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date was Tuesday, June 30th. Alexandria Real Estate Equities’s dividend payout ratio is presently -47.52%.
Insider Activity
In related news, CFO Marc E. Binda sold 2,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $54.00, for a total value of $108,000.00. Following the transaction, the chief financial officer owned 188,264 shares in the company, valued at approximately $10,166,256. This trade represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.35% of the company’s stock.
About Alexandria Real Estate Equities
Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.
Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.
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